Jefferies Q4 Estimates Raised at Goldman

Goldman Sachs (GS) has raised Jefferies Group, Inc. (JEF) fourth quarter estimates to $0.29 a share from $0.25, saying the firm “should benefit from improved banking capabilities and high yield issues”. Goldman noted however, that fixed income could remain pressured in a a tough trading environment in the $2.8 trillion market for state and local government debt, prompting its analysts to leave Jeffries’ fiscal 2011 -2012 estimates unchanged at $1.45 – $1.65.

Shares of Jefferies Group rose $0.41, or 1.59%, at last check to $26.23.